Success can come in various forms, but most of Louisiana’s fastest growing private companies share a common strength born out of adversity.
A couple of them opened their doors right before the oil market went bust, then had to pivot quickly into different markets. Others began their business as a “side gig” and navigated their way to success against the odds, while another sketched out plans on a kitchen table and sunk every available dime into the company.
Regardless of their inauspicious beginnings, those industrial-specific service companies qualifying for the 2019 Inc. 5000 ranking earned a combined revenue of more than $100 million last year, with some rather remarkable year-over-year growth. Case in point: The list’s highest-ranking Louisiana-based industrial service company, Blast Tech of Broussard, grew its revenue by a whopping 857% in just three years.
The business magazine ranked the companies according to their percentage of revenue growth from 2015 to 2018. There were some 37 companies from Louisiana that earned a spot on the list. Of those, seven provide services primarily to the industrial market.
In its latest cover story, 10/12 Industry Report interviewed top executives at all seven companies to uncover their secrets to success. Here are their stories, by order of rank.